The Gohd Standard: Is the Debt Deal A Floor for Equities?

Matt Gohd of Revere Securities points out that while today's post-ISM data weakness is being taken by many as a sign that things could get worse, driving the VIX close to the highest levels in years, the debt crisis sell-off over the past week could mark another bottom for stocks.

"Today's drop may have taken the bullishness out of the market," he said.

In short, he's reading it as a buying opportunity.

Gohd is a contrarian trader to whom I frequently speak about markets.

He tells me is is looking at Cincinnati Bell "as they are generating 20 percent cash-flow yields."